Consolidated, ERISAfied Plan An Enormous Success
Quantitative research has shown partnering with a professional retirement plan advisor helps retirement plan sponsors achieve better results in several ways: Better plan design and plan arrays, increased confidence in plan compliance and investment options, superior understanding of fiduciary issues, better overall asset allocation among plan participants, improved participant retirement outcomes.
• Streamlining and consolidating plan providers
• Establishing a governance protocol
• Becoming ERISA-compliant
• Implementing a Qualified Default Investment Alternative (QDIA), and
• Increasing plan participation from 35% to 88% of all eligible employees
This healthcare organization is now able to leverage a retirement benefits package employees appreciate to compete for medical field talent in the labor market.